These stocks are likely to be in focus on March 22
On Monday, the headline indices Sensex and Nifty 50 opened marginally lower and were down by almost 1% at the day’s end.
With the weaker global cues, rising crude oil prices, and the fresh sanctions on Russia, including an impending oil embargo by the western countries, with no talks of ceasefire in the near horizon, the investors are fearing a bearish atmosphere in the markets again.
The Sensex was at 57,292.49, down by 571.44 points or 0.99% and the Nifty was at 17,227.60, down by 169.45 points or 0.98%.
On the BSE, 1,550 shares have advanced, 1,971 shares have declined, and 149 shares are unchanged.
These stocks are likely to be in focus for Tuesday's trading session:
Tata Consultancy Services Limited: TCS and Google Cloud have announced a partnership with Fletcher Building to build a flexible, Google cloud-based enterprise platform to support long-term growth and innovation. With operations in New Zealand, Australia, and the South Pacific, Fletcher Building has more than 25 different businesses across manufacturing, distribution, retail, home building, and major infrastructure projects. With numerous different ERP systems, a myriad of business processes, and the growing need for a comprehensive view of its customers, Fletcher Building launched the “Digital@Fletchers” program to drive technology-led change and growth in the business. The scrip of TCS was at Rs 3625.25 down by 1.36% on the BSE.
Godrej Properties Limited: Godrej Properties has announced that it has achieved FY22 sales worth INR 1,002 crore for its township project “Riverhills” in Mahalunge, Pune. The company has sold 1,550+ homes accounting for over 1.5 million square feet in the current financial year for this township project. Since the launch of their first phase in the township in September 2019, GPL has sold over 3,600 homes with 3.4 million square feet of area and a booking value of over INR 2,100 crore. The stock surged to 2% during the day, to end at Rs1,607.85up by 0.67% on the BSE.
NMDC Limited: Mining major NMDC has become the first company in the country to cross 40 million tonnes (MT) of iron ore production in a year. From the production of 4 MTPA (million tonnes per annum) in the late 1960s to 40 million tonnes now, the growth trajectory of the largest iron ore producer of the country has been exceptional. Starting from 4 million tonnes in 1969-70, NMDC crossed 10 million tonnes in 1977-78, added another ten million by 2004-05, crossed 30 million tonnes within a decade and has now breach ed the 40 million mark. The shares of NMDC were at Rs 151.70, up by 0.30% at market close on the BSE.
52-week high stocks: From the BSE 200 pack, the stocks of Vedanta, Cummins India, Trent, Sun Pharmaceuticals, and Titan Company have hit their 52-week high on Monday.
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